The licensing staff of the Division of Radiological Health assist applicants in determining whether financial assurance is required for their facilities and in what amount. The total required depends on many site-specific factors but is generally based on an estimate of the amount necessary for the removal and disposal of the sources of radiation present at the site, as well as the costs involved in reclaiming the property on which the facility or site is located.
The following financial assurance mechanisms are allowed by the Division of Radiological Health. Please click on the links below for the language required by the division. The financial institution/surety should use the language in the files to issue an original instrument on the institution's letterhead or in its standard instrument format.
- Surety Bond
- Corporate Guarantee for Reclaiming
- Financial Test
- Personal Bond (view the recommended personal bond language) supported by any of the following:
Note: The instrument language is provided here as a convenience. Please consult with your legal counsel and the TDEC Division of Financial Assurance & Business Process Improvement before submitting a financial instrument.